Emotions should never be traded. - page 11.

ven7net

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Quote from: Bitcoin9920 on August 11, 2021, 11:38:05 AM

I'd want to provide some guidance, particularly to individuals who are new to the market. You think you should buy in ALTs whenever the market is rising. And it's possible that you'll gain from it. However, the market drops after you make your investment. When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.

Indeed, very often people invest simply in the hope of getting a quick profit, and very often when the market goes down, they sell their asset, losing money. Of course, all this does it on emotions and I know about it because I myself very often find myself in such a situation. In order not to get into such situations, you need to study more information, have your own action plan and strictly follow it, this is the only way you can save your invested funds and even make a profit.

michellee

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If he buys in altcoin when the price rises and does not know when to sell to take profit, he will only get in the trap at the high price and he needs to wait for a long time before he can sell his altcoins. But if he can buy the altcoin at a low price and still buy when the price getting deeper and hold it again, he can have a chance to sell the coin at a high price because sometimes the altcoin price can increase so high and getting pump.

But in this matter, the emotion will matter as when he buys when the price rises because he will think that he can be too late to profit from that coin if he does not take action. If that happens to him, maybe he does not have to chase instead of searching for the other coins that can increase soon. For the altcoin, I am sure we will have many chances to select the altcoin and do not just depend on one or two coins because we can diversify our investment in more than two coins. But that will depend on how you can manage your coins.

Lakai01

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Quote from: Mpamaegbu on August 12, 2021, 04:52:32 AM

My belief is that OP isn't even a newbie to start with. They just posted from a noob account with the intention of dragging users to their private channel and if things go sour their account (if they had posted from the main) won't get tagged. Did you get that point now?

What private channel are you talking about here? OP has neither posted a channel nor advertised another channel in any of his previous posts? Did you possibly get the wrong thread and meant another thread creator?

Regarding your driver's license comparison: No, but I wouldn't judge the driver's skills by the car he drives either.

skarais

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Quote from: Bitcoin9920 on August 11, 2021, 11:38:05 AM

I'd want to provide some guidance, particularly to individuals who are new to the market. You think you should buy in ALTs whenever the market is rising. And it's possible that you'll gain from it. However, the market drops after you make your investment. When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.

If you think that they are new to the market then I think you should also advise them not to invest if they are not ready to take the risk of losing. They should also be advised to invest in the amount they can afford to lose so that they do not worry about price fluctuation in the market. Basically everyone who is interested in this investment and trading should gain valuable experience and lesson in the market whether it is due to losses or something else that can make them understand how the market actually works.

Beside emotion, greed is also not the best way to be applied in trading. The price is constantly fluctuating and anyone can never know what will happen in the future for the asset they are investing in, they really have to take this into account.

Anamika1000

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Yes, you are right, because in trading everything can happen. You should be ready for both situations whether it may be in the form of loss or it may be in a form of profit. The main thing is consistency and keeps patience. So, it will only lead to minimum loss and more profit. No emotions should be involved in trading.

Mpamaegbu

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Quote from: Lakai01 on August 12, 2021, 03:43:05 AM

Quote from: Mpamaegbu on August 12, 2021, 03:36:53 AM

~snipped~

I honestly wouldn't put a value on his/her forum rank. Conversely, this would mean that anything a Legendary says is more trustworthy than an opinion of a Sr. member, for example.

That wouldn't be correct for you to allude to in that comparison. Far from the forum ranks of a newbie, I talked about the number of posts too. Would you trust someone freshly out of a driving school to drive you over an experienced driver? My belief is that OP isn't even a newbie to start with. They just posted from a noob account with the intention of dragging users to their private channel and if things go sour their account (if they had posted from the main) won't get tagged. Did you get that point now? Again, I would easily believe the word of an experienced trader over a noob; putting the antecedents of both into consideration. Besides, a Snr Member and a Legendary Member are on the same page for me.

Quote from: Lakai01 on August 12, 2021, 03:43:05 AM

So you should rather evaluate the content and not the account itself, and there are quite interesting statements.

But of course, I reacted to the content copiously too.

Edited:

Wawa2013

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Quote from: Cherylstar86 on August 12, 2021, 04:28:08 AM

Quote from: Rengga Jati on August 11, 2021, 07:53:13 PM

- Trade and invest in what you really know and understand
- Trade and invest money that you can afford to loose
- Never follow hype and FOMO in which you don;t know the projects exactly
- Don't play with your emotion (very happy, sad, panic, and others. Be wise and smart on everythig.)

Indeed. All you've mentioned above was great and very true. Trade only on the things you only know and understand. If you don't know more about the other coins then don't forced yourself to trade and don't be greedy just to earn money. Learn to set aside funds. When you want to trade or invest, only use your prepared money. Anyone who trades when they have excess emotions they will not be able to succeed from trading because it doesn't usually use good analysis. When you start on trading it should be avoided and you must also learn to control your emotions especially market prices always changes.

Trading is not easy, there are many factors that must be considered in order to make a profit from trading. But the most difficult thing for me is to keep
my emotions under control and not to overdo it. If our emotions are not controlled, the effects will be fatal enough, we can make the wrong decisions.
Therefore several times I lost a lot of money when trading, because I panicked seeing the prices in the market which were always changing rapidly.
Fortunately, now I can control my emotions, so now I am calmer to see price movements in the market.

Cherylstar86

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Quote from: Rengga Jati on August 11, 2021, 07:53:13 PM

- Trade and invest in what you really know and understand
- Trade and invest money that you can afford to loose
- Never follow hype and FOMO in which you don;t know the projects exactly
- Don't play with your emotion (very happy, sad, panic, and others. Be wise and smart on everythig.)

Indeed. All you've mentioned above was great and very true. Trade only on the things you only know and understand. If you don't know more about the other coins then don't forced yourself to trade and don't be greedy just to earn money. Learn to set aside funds. When you want to trade or invest, only use your prepared money. Anyone who trades when they have excess emotions they will not be able to succeed from trading because it doesn't usually use good analysis. When you start on trading it should be avoided and you must also learn to control your emotions especially market prices always changes.

Lakai01

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Quote from: Mpamaegbu on August 12, 2021, 03:36:53 AM

With just three posts from an account you opened on the 11th of August, you're already providing advice and guidance to the forum on trading? This is really hilarious. You could've posted from your main as you don't sound like a newbie to me, actually.

I honestly wouldn't put a value on his/her forum rank. Conversely, this would mean that anything a Legendary says is more trustworthy than an opinion of a Sr. member, for example. All of us started as a newbie once, no matter how much experience we had before around Bitcoin and co. For example, I have been invested in BTC since 2012, but I only opened the account here in 2018.

So you should rather evaluate the content and not the account itself, and there are quite interesting statements.

Mpamaegbu

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Quote from: Bitcoin9920 on August 11, 2021, 11:38:05 AM

I'd want to provide some guidance, particularly to individuals who are new to the market.

With just three posts from an account you opened on the 11th of August, you're already providing advice and guidance to the forum on trading? This is really hilarious. You could've posted from your main as you don't sound like a newbie to me, actually. Well, that said. I would like to make a clarification here, trading is a speculative profession. Speculations are based on sentiments of course, which can either be objective or subjective. Both are emotionally based, anyway. And that's the singular reason anyone trading is advised to develop a trading plan which they should stick to so they don't get swayed by untapped emotional decisions of other traders. Learn the ropes and stick to the emotion that you understand and can relate with. Whether buy or sell, traders will either lose cash or make it.

Rengga Jati

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- Trade and invest in what you really know and understand
- Trade and invest money that you can afford to loose
- Never follow hype and FOMO in which you don;t know the projects exactly
- Don't play with your emotion (very happy, sad, panic, and others. Be wise and smart on everythig.)

milewilda

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Quote from: kawetsriyanto on August 11, 2021, 07:05:36 PM

Quote from: Bitcoin9920 on August 11, 2021, 11:38:05 AM

When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.

This is what losers did. Panicking selling when there is a correction.
Many people feel afraid to buy when the market is in correction (decline phase), but they always ask to buy at cheap prices. Even worse, when it is in an uptrend (rising phase), they will say it is not the right time to buy because the prices are too expensive. For the people just buy without any analysis, it is what will happen to them. I hope we are not a part of them. Cheesy

Panic sell is a very common situation or event that do happen into this market due to emotion which its normal to be felt since we are just human beings and those reactions would really be common
but when you do already gain up some experience then this is where actions will really vary and its comparable to those who are total noob to those who are experienced ones.
You shouldnt really tolerate your emotions because this would really result into mistakes into your actions or your trading or investment.
Dont tie up your emotions into this very unpredictable market because that would really be molding those bad decisions or mistakes.

n0ne

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From my personal experience into trading I never tend to invest when the market has turned bullish, because my trading capital is very small. For users with big trading capital can buy when the market has turned bullish, because there'll be little growth with time and the same can get good profits within a short. Myself used to buy at the low price and wait for the right time to sell and once again wait for the moment to buy it back on price drop.

Oceat

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anyone who trades when they have excess emotions they will not be able to succeed from trading. because it usually doesn't use good analysis. they only think short term. so in my opinion this should be avoided and emotions should be controlled

It's all about the analysis so if someone is using their brain they should always set aside their emotions and let the analysis do the trick for them. That's how you minimize the risk of losing by controlling your emotion because emotion can only cause losses it blurry your thoughts when in fact you can gain the profit if you just set aside your emotion.

This is always applicable to trading and gambling. Anyone who knew this has suffered losses already because they learned from their mistakes and taking the mistakes of the others to learn is not enough once you felt the same way as they did.

AliMan

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There's always a problem when it comes to trading, specially for those new comers who took a wrong entry. Mostly, they bought their coins at the highest price so they're likely to be failing in the future. Without further knowledge about what they're doing particularly when ot come to price saturation, emotions is their enemy on that particular stage. Fears, anxieties and depression was a huge problems that we're going to battle.
Being a human, we had that instincts which actually difficult to handle. So easy to say have control, but we need guidance from experienced traders and I won't recommend some softwares because they're also made by experts that a beginner won't relate some basic points.

kawetsriyanto

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Quote from: Bitcoin9920 on August 11, 2021, 11:38:05 AM

When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.

This is what losers did. Panicking selling when there is a correction.
Many people feel afraid to buy when the market is in correction (decline phase), but they always ask to buy at cheap prices. Even worse, when it is in an uptrend (rising phase), they will say it is not the right time to buy because the prices are too expensive. For the people just buy without any analysis, it is what will happen to them. I hope we are not a part of them. Cheesy

Ryker1

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Well that is right --and fear belongs to the emotion that most commonly will perhaps felt by people who experienced this.
That is why we always saw advice as always here in the forum regarding that matter, just control your emotion in trading because it will have a bad result. When the entire market goes down and the bitcoin price will down, there is what we called a loss but you can avoid this if you know how to hold, if you have bought 1 bitcoin and it will be the same amount if you will never sell this.

goaldigger

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Having your emotions that controls you is normal for beginners, they tend to be more fragile but as the time goes by and as they continue to learn things about trading, that emotion can be good for them especially if they are more active on achieving their goals. We can’t escape any emotion because of a human nature, but we can save ourselves from panicking if we analyze the market first before you decide. Its better to be more organize, focus on your strategy and always do your best to trade without any emotion.

Johnyz

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Emotions is part of being human and being a trader, we tend to feel positive if the market is getting better and of course the opposite emotion if the market is dumping, which i believe is very normal. We just have to learn on how to control this one and use the right emotion on every situation. In trading, this is a learning process so don’t rush yourself to be emotionless just keep going and do your trades according to your plan and strategies, emotion can be your best weapon so use it the right way.

stomachgrowls

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Quote from: Bitcoin9920 on August 11, 2021, 11:38:05 AM

I'd want to provide some guidance, particularly to individuals who are new to the market. You think you should buy in ALTs whenever the market is rising. And it's possible that you'll gain from it. However, the market drops after you make your investment. When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.

When you do tend to jump into trading career,doesnt matter if its forex,stocks or crypto then you would really need to control the following;

•Emotion
•Impulsive decision
•Lack of knowledge
•Careless action
•Believing into other words

When you do make yourself get affected then it would really might result into such scearion.So better trade with your own
even though it might not really that be perfected but at least you are doing the right thing.

Topic: Emotions should never be traded. - page 11. (Read 1655 times)